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Lichen China Limited Announces $3.1 Million Registered Direct Offering

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XIAMEN, China, Dec. 30, 2024 /PRNewswire/ — Lichen China Limited (Nasdaq: LICN) (“Lichen China” or the “Company”), a dedicated financial and taxation service provider in China today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 25,000,000 of the Company’s Class A ordinary share, par value $0.00004 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.125 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.001 per share.

The aggregate gross proceeds to the Company of this offering are expected to be approximately $3.1 million. The transaction is expected to close on or about December 31, 2024, subject to the satisfaction of customary closing conditions.

Univest Securities, LLC is acting as the sole placement agent.

The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-277230) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on March 1, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC’s website at www.sec.gov.

About Lichen China Limited

Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. In recognition of the Company’s expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Tian Sun
Phone: +86-0592-5586999
Email: ir@lichenzx.com

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SOURCE Lichen China Limited

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Mega Matrix Inc. Announced that Modern Fantasy Miniseries “Alpha, She Wasn’t the One” Now Streaming on FlexTV

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SINGAPORE, Jan. 2, 2025 /PRNewswire/ — Mega Matrix Inc. (NYSE American: MPU) announced that its globally renowned short drama streaming platform, FlexTV, premiered the highly anticipated modern fantasy miniseries Alpha, She Wasn’t the One on December 27. Blending werewolf mythology with comedy, romance, and workplace drama, the series delivers a whimsical yet heartwarming love story between a human and a werewolf.

 

The story follows Annie, a warm and outgoing designer, who foresees herself kissing a stranger on her 25th birthday. Determined to verify the vision, she visits a bar where she meets Leon, the disguised leader of a werewolf pack. Sparks fly, and the two fall deeply in love. However, Leon’s father, seeking to preserve the pack, hypnotizes them, causing Leon to mistakenly identify Annie’s sister, Anna, as his destined mate, or Luna.

After a series of misunderstandings and memory loss, Annie and Leon return to their roles as boss and subordinate. Yet, love finds a way as their daily interactions rekindle their romance. The power of true love ultimately helps them regain their memories, resolve the misunderstandings, and confess their feelings. Under the blessing of the Moon Goddess, Annie not only retains her prophetic ability but also becomes a cherished member of the werewolf pack, living happily ever after with Leon.

As a globally leading short drama streaming platform, MPU’s FlexTV offers content in over 100 countries, featuring multiple language options such as English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. With its high-quality short dramas and exceptional user experience, FlexTV continues to captivate audiences worldwide. Alpha, She Wasn’t the One is now available for streaming on FlexTV. The series explores profound themes of balancing societal expectations, familial responsibilities, and personal aspirations, offering viewers valuable insights and reflections. For more exciting content, please visit https://www.flextv.cc/.

#Werewolf #Fantasy #Comedy #WorkplaceDrama #Miniseries #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

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SOURCE Mega Matrix Inc.

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Cango Inc. Announces December 2024 Production Update for Crypto Mining Business

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SHANGHAI, Jan. 2, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced its production update for crypto mining business in December 2024.

Bitcoin Mining Update for December 2024

Metrics

Dec 2024 1

Nov 2024 1

Number of Bitcoins produced

569.9

363.9

Average number of Bitcoins produced per day

18.4

18.9

Total number of Bitcoins held 2

933.8

363.9

Total number of Bitcoins sold 2

Deployed hashrate 2

32 EH/s

32 EH/s

Average operating hashrate 3

30.4 EH/s

29.8 EH/s

1. Unaudited, estimated.
2. As of month-end.
3. Average over the month.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China, connecting car buyers, dealers, financial institutions, and other industry participants. Founded in 2010 by a group of pioneers in China’s automotive finance industry, the Company is headquartered in Shanghai and has a nationwide network. Leveraging its competitive advantages in technological innovation and big data, Cango has established an automotive supply chain ecosystem, and developed a matrix of products and services centering on used car trading and exporting. By working with platform participants, Cango endeavors to make car purchases simple and enjoyable, and make itself customers’ car purchase service platform of choice. In recent years, Cango has diversified its business operations and expanded its operation into other industries, such as overseas crypto assets. For more information, please visit: www.cangoonline.com.

Investor Relations Contact

Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com 

Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: ir@cangoonline.com 

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SOURCE Cango Inc.

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VINAI RETURNS TO CES 2025 WITH CUTTING-EDGE AUTOMOTIVE AI TECHNOLOGIES

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LAS VEGAS, Jan. 2, 2025 /PRNewswire/ — VinAI has announced its participation in the Consumer Electronics Show (CES) 2025, taking place from January 7 to January 10, 2025, in Las Vegas, USA. At CES 2025, VinAI will showcase cutting-edge AI technologies such as DrunkSense and Touch2Park in an exclusive in-vehicle demonstration, reaffirming their superior integration capabilities and commitment to delivering groundbreaking mobility experiences for the automotive industry.

From January 7 to January 10, 2025, visitors to booth #7224 in the West Hall of the Las Vegas Convention Center will have the opportunity to experience VinAI’s cutting-edge technologies in action on a real vehicle, including:

InteriorSense Suite

DrunkSense: The world’s first passive drunk driving detection system without requiring a breathalyzer, achieving 85% sensitivity—8 percentage points higher than that of the industry standard.MirrorSense: As a CES 2024 Innovation Award Honoree, this technology adjusts mirrors with 10mm accuracy based on the driver’s position—another world-first innovation.Driver Monitoring System (DMS): Compliant with EU’s General Safety Regulations, the system provides AI-powered safety through enhanced occupant monitoring.

SurroundSense Suite

Touch2Park: Touch2Park is the winner of the 2024 AutoTech Breakthrough Award. This Level 2 smart parking solution enables effortless parking by a simple touch.Jelly View: A revolutionary 3D transparent mode offering comprehensive exterior and undercarriage visibility.Advanced 360° Surround View Monitoring System: The system eliminates blind spots and enhances external awareness for safer navigation.

Mr. Vuong Cap, Director of VinAI’s Smart Mobility Division, shared: “VinAI’s AI solutions are developed with a focus on optimizing performance on systems with limited resources. This enables automotive manufacturers to integrate advanced technologies without requiring hardware upgrades, reducing costs and enhancing competitiveness. This flexible approach not only broadens the applicability of AI but also meets the growing demand for smart and safe vehicles from automakers worldwide.”

Automotive manufacturers (OEMs) in the U.S. are under increasing pressure to enhance the safety, comfort, and intelligence of their vehicles. However, providing cutting-edge AI features while maintaining competitive costs and production timelines poses a significant challenge for many OEMs. VinAI addresses these challenges with efficient and flexible AI solutions designed to deliver safer and more comfortable driving experiences without demanding excessive resources from OEMs.

Currently, VinAI offers smart mobility solutions for the automotive industry. Technologies and features developed by VinAI have been integrated into numerous vehicle models by global automakers, with deployment on over 80,000 vehicles to date and projections to reach over 800,000 vehicles within the next five years.

For more information about VinAI or to schedule a technology demonstration at CES 2025, customers can contact business@vinai.io or visit https://www.vinai.io/vinai-at-ces-2025/.

About VinAI 

VinAI, part of the Vingroup ecosystem, ranks among the top 20 AI R&D companies globally. The company’s Smart Mobility division drives the next level of automotive safety and comfort through a strong portfolio of next-generation, efficient AI solutions. VinAI’s technologies and features have been integrated into various models of global OEMs, including those from Europe.

For more information about VinAI, please visit: https://www.vinai.io/

Click here for more details about our booth at: https://ces25.mapyourshow.com/8_0/exhibitor/exhibitor-details.cfm?exhid=001Pp00000kXVowIAG

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SOURCE VinAI

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